Topics: legal issues
Have you have heard the old adage “Only two things that are certain in this life are death and taxes”? Naturally, both of these reasons are often cited as motive for using a Living Trust instead of a simple Will. However, the increase of the estate tax exemption allows most of us to avoid estate taxes. So, is avoiding the expense of probate worth the upfront costs associated with creating a trust? The simple answer is yes. But let me explain.
Topics: Living Trust
Late in 2014, the ABLE (“Achieving a Better Life Experience”) Act was signed into law. The law is aimed at achieving a manner in which those with special needs can save money without losing needs based public benefits such as SSI or Medicaid . This is an important issue and, perhaps the greatest accomplishment of the Act is that it brings attention to this valuable community and addresses a serious struggle that they face. The fact that the ABLE act had strong bi-partisan support is encouraging for the special needs community and those who serve it.
Topics: special needs
Caring for others can be stimulating and inspirational on the best of days, but stressful and draining on the worst. Even typical days can leave you giving so much to others that you forget to keep a reserve for yourself. When the tank is empty and stress takes over, making small changes to your daily routine can make a huge difference. Follow these relaxation tips to give you back your peace of mind, body, and soul!
Is employing people with disabilities a nice thing to do? Before we answer that question, let’s look at some statistics regarding disabled people. Disabled people make up 19 percent of the U.S. population. 54 million people in the U.S. are disabled. Eighty percent of this population is unemployed. This equates to 44 million people with disabilities who are unemployed.
If you have been involved in an accident, and you think you may have a valid PI case, your actions immediately following the incident can have a critical impact on the outcome of your case. Even if you are unsure if you want to pursue legal action, I recommend following these few simple steps and protect yourself—just in case.
Topics: personal injury
The IRA Trust is a stand-alone trust that would be the beneficiary of an IRA, and will satisfy all of the regulations related to the distribution of IRAs and retirement benefits. This tool provides beneficiaries the ability to take advantage of their inherited benefits over their lifetime, maximizing the return on your investments.
For most Americans, they are not affected by estate taxes but those who are planning on leaving millions of dollars upon their demise, it is important to understand the recent changes to the federal estate tax laws. Thanks to the American Taxpayer Relief Act of 2013 (ATRA), estates that are below an inflation-adjusted threshold amount will not be the subject to the federal estate tax. Spouses are now able to combine their tax credits, giving a surviving spouse the ability to use his or her deceased spouses unused credits, in addition to his or her own credits, to pass on up to 10.90 million at death. Before estate planning, its important to consult with an estate planning professional to make sure your plans unfold according to your intentions and to save as much on estate taxes as possible.
Topics: estate tax
Spare your loved ones the hassle and have peace of mind. What are some of the most important things you can do now? Here is a handy checklist!
1.) Gather important Documents & Contact Information - Property deeds, vehicle titles, official certificates (birth, marriage, etc.), etc. You need to gather & keep these in an easy to access location.
2.) Execute a Last Will & Testament [Get started now]
3.) Complete Advance Directives or a Living Will - This would be your preference on treatment should you be incapacitated.Issues addressed include breathing tubes, feeding tubes, and other life-sustaining medical treatments.